Learn about the role of government and the key political, social, and economic processes that elevate any society from poverty to prosperity.
Take this course free on edX: https://www.edx.org/course/poverty-prosperity-understanding-oxfordx-oxbsg01x
ABOUT THIS COURSE
How can poor societies become prosperous and overcome obstacles to do so? ProfessorSir Paul Collier is one of the world’s leading scholars on this question, and in this economics course you will have the opportunity to learn from him directly.
This course will discuss and examine the following topics:
The role of government and the key political, social and economic processes that affect development;
Why societies need polities that are both centralised and inclusive, and the process by which these polities develop;
The social factors that are necessary for development, including the importance of identities, norms, and narratives;
The impact of economic processes on development, including discussion about how government policies can either promote or inhibit the exploitation of scale and specialisation;
The external conditions for development, including aid, trade, migration, military interventions, and international rules for governance.
Enrol in this course to understand the factors that influence economic development and the different development paths that countries across the world have taken.
WHAT YOU'LL LEARN
By the end of the course, you will be able to:
- Identify internal political, social, and economic factors that influence development
- Understand how external influences can impact the internal political, social, and economic processes
- Understand the varied paths of development that different countries have taken
- Apply the concepts learned by completing an assignment that requires you to compare the development path of two chosen countries

published:14 Nov 2016

views:8204

Learn more about The Great CoursesPlus and sign up for a FreeTrial here: https://www.thegreatcoursesplus.com/special-offer?utm_source=US_OnlineVideo&utm_medium=SocialMediaEditorialYouTube&utm_campaign=145835
Don’t forget to subscribe to our channel – we are adding new videos all the time! https://www.youtube.com/subscription_center?add_user=TheGreatCourses

Meet the author of "The Circular Economy: A Wealth of Flows" during this exclusive interview.
A circular economy has profound consequences for production, employment, education, money and finance but also induces a shift in public policy and taxation. The economic advantage of this model lies in designing out waste, enabling access over ownership, favouring radical resources productivity, with prospect of rebuilding natural capital and resilience.
"The Circular Economy: A Wealth of Flows" written by Ken Webster provides a thorough overview of this regenerative model. In a 2nd edition comprehensively revised and updated, Ken offers an exploration of the essential economic questions of our time, taking into account the main disruptive trends, to help open up the debate.
Get your Kindle version (link available soon) and be the first one to ask your questions.

published:24 Nov 2016

views:300

In Sicily, Italy, the final stop on his first international visit, PresidentTrump will discuss economic issues, U.S. leadership, and security threats with the leaders of the Group of Seven (G7) nations. These seven global powers convened in 1975 to address economic unrest and the partnership continues today.

published:25 May 2017

views:670

AuthorYaron Brook talks to Bill Whittle about his book Free MarketRevolution. Brook thinks that Ayn Rand provided answers to our modern fiscal and economic problems. You will want to hear more about the housing crisis, government spending, and roots of the current economic stagnation in this special PJTV interview.
See more at http://www.pjtv.com

published:05 Sep 2012

views:7433

The top ten countries on the prosperity index, determined by rankings across nine key categories: Economic Quality, Natural Environment, Health, Social Capital, Personal Freedom, Safety and Security, Education, Governance, and BusinessEnvironment.
Study by the Legatum Institute:
http://www.prosperity.com/rankings?pinned=&filter=
Subscribe to TDC:
https://www.youtube.com/TheDailyConversation/
Facebook: http://www.facebook.com/thedailyconversation
Video by Bryce Plank and Robin WestMusic:
"Solar Flares" by Silent Partner (YouTube music library)
Script:
These are the top 10 most prosperous countries according to the Legatum Institute whose mission is to promote policies that lift people from poverty to prosperity. The study ranked countries across nine key metrics.
The 10th most prosperous nation is the United Kingdom. It’s strong business economy allowed it to crack the top 5 in that category. It was top 10 in economic quality, natural environment, and education—helped by its vocational training reform efforts that saw it climb from 14th in the world in 2007.
Ninth is Denmark which scores best on Safety and Security as thefts have dropped by 25% over the last decade. Air pollution has fallen by 63% over the same period, improving its Natural Environment ranking by 26 spots. To improve, Denmark should focus on its health system, which isn’t as strong as its Nordic neighbors.
Sweden comes in eighth. It’s 3rd-ranked economy is its best asset. Sweden actually ranked first in overall prosperity from 2010 to 2012, but it’s education and governance scores have slipped slightly since then. It’s still very prosperous and is the third least corrupt country in the whole world.
Seventh is the Netherlands. The Dutch are wealthy, healthy, educated, and served very well by their government. While its Natural Environment ranking is only 36th — the lowest score across any category for any country in this top ten — that’s actually up 37 spots from where it was in 2007.
Australia is sixth. It is the only country in the top 20 to record an absolute decline in prosperity since 2007. Its government has adopted protectionist trade policies that have driven down the quality and diversity of its economy. On the bright side, its Health Care ranking is on the upswing despite rising obesity levels.
In the same spot as last year is Canada at number 5. It is second-best on personal freedom, but its healthcare rank is hurt by rising obesity and diabetes rates. Canada is also top-ten in Governance, Social Capital, and Economic Prosperity.
Fourth is Switzerland, the country with the best education score. It is one of only two Western European countries to see its Economic Quality score improve over the last decade, as the rest of the continent was hit hard by the 2008 global financial crisis.
Finland is the third most prosperous nation. It is top-ranked in governance, second in Natural Environment, and third in Education. Surprisingly its Health score puts it at 21st in that category. The decline of its two main industries, timber and Nokia electronics, has led to a surge in unemployment.
Norway is second for the fourth straight year, a consistent performer across the board that doesn’t rank in the top two in any category, but also doesn’t fall below 13th anywhere either. 93% of Norwegians say they’re satisfied with living standards in the country.
And the most prosperous nation in the world is New Zealand for the fourth year in a row. It is best in Economic Quality thanks to free and open markets. There is clearly a synergistic effect between its top-ranked Social Capital score, its second-ranked Governance mark, and its high level of Personal Freedom.
On the flip side, these are the bottom 10 countries. The prolonged civil war in Syria would likely land it down here, but there hasn’t been enough accurately collected and reported data lately to rank it.
The US is ranked 17th. With the top-ranked business environment — but health and environment rankings down in the 30’s — we really need to get our priorities straight.
And these are the top ten countries for each category: Economic Quality; Business Environment; Governance; Education; Health; Safety and Security; Personal Freedom; Social Capital; and Natural Environment.
I hope this video shed light on the countries we should look to for ideas on creating more prosperity across our own societies.
Our recent examination of the top 10 recycling countries led some of you to express concern about PresidentTrump’s lack of respect for the environment, others were surprised that Japan didn’t make the list, while many of you agreed that Germany belonged in the top spot. Until next time, for TDC, I’m Bryce Plank, thanks for watching.

Analyzing racial composition and any possible correlation to the economic prosperity of a given place. This is not a political video designed to push an agenda, but rather a "nerds-eye-view" of the issue. There's enough political stuff about this issue already out there.

Prosperity

Prosperity is the state of flourishing, thriving, good fortune and / or successful social status. Prosperity often encompasses wealth but also includes other factors which can be independent of wealth to varying degrees, such as happiness and health.

Competing notions of prosperity

Economic notions of prosperity often compete or interact negatively with health, happiness, or spiritual notions of prosperity. For example, longer hours of work might result in an increase in certain measures of economic prosperity, but at the expense of driving people away from their preferences for shorter work hours. In Buddhism, prosperity is viewed with an emphasis on collectivism and spirituality. This perspective can be at odds with capitalistic notions of prosperity, due to their association with greed. Data from social surveys show that an increase in income does not result in a lasting increase in happiness; one proposed explanation to this is due to hedonic adaptation and social comparison, and a failure to anticipate these factors, resulting in people not allocating enough energy to non-financial goals such as family life and health.

Natural environment

The natural environment encompasses all living and non-living things occurring naturally on Earth or some region thereof. It is an environment that encompasses the interaction of all living species. Climate, weather, and natural resources that affect human survival and economic activity.
The concept of the natural environment can be distinguished by components:

In contrast to the natural environment is the built environment. In such areas where man has fundamentally transformed landscapes such as urban settings and agricultural land conversion, the natural environment is greatly modified and diminished, with a much more simplified human environment largely replacing it. Even events which seem less extreme such as hydroelectric dam construction, or photovoltaic system construction in the desert, the natural environment is substantially altered.

The term generally refers to (a) resources, and the value of these resources, both tangible (public spaces, private property) and intangible ("actors", "human capital", people), (b) the relationships among these resources, and (c) the impact that these relationships have on the resources involved in each relationship, and on larger groups. It is generally seen as a form of capital that produces public goods for a common good.

Social capital has been used to explain improved performance of diverse groups, the growth of entrepreneurial firms, superior managerial performance, enhanced supply chain relations, the value derived from strategic alliances, and the evolution of communities.

Background

The term social capital was in intermittent use from about 1890, before becoming widely used in the late 1990s.

From Poverty to Prosperity: Understanding Economic Development | OxfordX on edX | Course About Video

From Poverty to Prosperity: Understanding Economic Development | OxfordX on edX | Course About Video

From Poverty to Prosperity: Understanding Economic Development | OxfordX on edX | Course About Video

Learn about the role of government and the key political, social, and economic processes that elevate any society from poverty to prosperity.
Take this course free on edX: https://www.edx.org/course/poverty-prosperity-understanding-oxfordx-oxbsg01x
ABOUT THIS COURSE
How can poor societies become prosperous and overcome obstacles to do so? ProfessorSir Paul Collier is one of the world’s leading scholars on this question, and in this economics course you will have the opportunity to learn from him directly.
This course will discuss and examine the following topics:
The role of government and the key political, social and economic processes that affect development;
Why societies need polities that are both centralised and inclusive, and the process by which these polities develop;
The social factors that are necessary for development, including the importance of identities, norms, and narratives;
The impact of economic processes on development, including discussion about how government policies can either promote or inhibit the exploitation of scale and specialisation;
The external conditions for development, including aid, trade, migration, military interventions, and international rules for governance.
Enrol in this course to understand the factors that influence economic development and the different development paths that countries across the world have taken.
WHAT YOU'LL LEARN
By the end of the course, you will be able to:
- Identify internal political, social, and economic factors that influence development
- Understand how external influences can impact the internal political, social, and economic processes
- Understand the varied paths of development that different countries have taken
- Apply the concepts learned by completing an assignment that requires you to compare the development path of two chosen countries

1:31

Foundations of Economic Prosperity I The Great Courses

Foundations of Economic Prosperity I The Great Courses

Foundations of Economic Prosperity I The Great Courses

Learn more about The Great CoursesPlus and sign up for a FreeTrial here: https://www.thegreatcoursesplus.com/special-offer?utm_source=US_OnlineVideo&utm_medium=SocialMediaEditorialYouTube&utm_campaign=145835
Don’t forget to subscribe to our channel – we are adding new videos all the time! https://www.youtube.com/subscription_center?add_user=TheGreatCourses

4:20

E2: Education and Economic Prosperity

E2: Education and Economic Prosperity

E2: Education and Economic Prosperity

Economic Prosperity Reinvented

Meet the author of "The Circular Economy: A Wealth of Flows" during this exclusive interview.
A circular economy has profound consequences for production, employment, education, money and finance but also induces a shift in public policy and taxation. The economic advantage of this model lies in designing out waste, enabling access over ownership, favouring radical resources productivity, with prospect of rebuilding natural capital and resilience.
"The Circular Economy: A Wealth of Flows" written by Ken Webster provides a thorough overview of this regenerative model. In a 2nd edition comprehensively revised and updated, Ken offers an exploration of the essential economic questions of our time, taking into account the main disruptive trends, to help open up the debate.
Get your Kindle version (link available soon) and be the first one to ask your questions.

0:47

Global Economic Prosperity: U.S. at the G7

Global Economic Prosperity: U.S. at the G7

Global Economic Prosperity: U.S. at the G7

In Sicily, Italy, the final stop on his first international visit, PresidentTrump will discuss economic issues, U.S. leadership, and security threats with the leaders of the Group of Seven (G7) nations. These seven global powers convened in 1975 to address economic unrest and the partnership continues today.

AuthorYaron Brook talks to Bill Whittle about his book Free MarketRevolution. Brook thinks that Ayn Rand provided answers to our modern fiscal and economic problems. You will want to hear more about the housing crisis, government spending, and roots of the current economic stagnation in this special PJTV interview.
See more at http://www.pjtv.com

4:05

World's 10 Most Prosperous Countries

World's 10 Most Prosperous Countries

World's 10 Most Prosperous Countries

The top ten countries on the prosperity index, determined by rankings across nine key categories: Economic Quality, Natural Environment, Health, Social Capital, Personal Freedom, Safety and Security, Education, Governance, and BusinessEnvironment.
Study by the Legatum Institute:
http://www.prosperity.com/rankings?pinned=&filter=
Subscribe to TDC:
https://www.youtube.com/TheDailyConversation/
Facebook: http://www.facebook.com/thedailyconversation
Video by Bryce Plank and Robin WestMusic:
"Solar Flares" by Silent Partner (YouTube music library)
Script:
These are the top 10 most prosperous countries according to the Legatum Institute whose mission is to promote policies that lift people from poverty to prosperity. The study ranked countries across nine key metrics.
The 10th most prosperous nation is the United Kingdom. It’s strong business economy allowed it to crack the top 5 in that category. It was top 10 in economic quality, natural environment, and education—helped by its vocational training reform efforts that saw it climb from 14th in the world in 2007.
Ninth is Denmark which scores best on Safety and Security as thefts have dropped by 25% over the last decade. Air pollution has fallen by 63% over the same period, improving its Natural Environment ranking by 26 spots. To improve, Denmark should focus on its health system, which isn’t as strong as its Nordic neighbors.
Sweden comes in eighth. It’s 3rd-ranked economy is its best asset. Sweden actually ranked first in overall prosperity from 2010 to 2012, but it’s education and governance scores have slipped slightly since then. It’s still very prosperous and is the third least corrupt country in the whole world.
Seventh is the Netherlands. The Dutch are wealthy, healthy, educated, and served very well by their government. While its Natural Environment ranking is only 36th — the lowest score across any category for any country in this top ten — that’s actually up 37 spots from where it was in 2007.
Australia is sixth. It is the only country in the top 20 to record an absolute decline in prosperity since 2007. Its government has adopted protectionist trade policies that have driven down the quality and diversity of its economy. On the bright side, its Health Care ranking is on the upswing despite rising obesity levels.
In the same spot as last year is Canada at number 5. It is second-best on personal freedom, but its healthcare rank is hurt by rising obesity and diabetes rates. Canada is also top-ten in Governance, Social Capital, and Economic Prosperity.
Fourth is Switzerland, the country with the best education score. It is one of only two Western European countries to see its Economic Quality score improve over the last decade, as the rest of the continent was hit hard by the 2008 global financial crisis.
Finland is the third most prosperous nation. It is top-ranked in governance, second in Natural Environment, and third in Education. Surprisingly its Health score puts it at 21st in that category. The decline of its two main industries, timber and Nokia electronics, has led to a surge in unemployment.
Norway is second for the fourth straight year, a consistent performer across the board that doesn’t rank in the top two in any category, but also doesn’t fall below 13th anywhere either. 93% of Norwegians say they’re satisfied with living standards in the country.
And the most prosperous nation in the world is New Zealand for the fourth year in a row. It is best in Economic Quality thanks to free and open markets. There is clearly a synergistic effect between its top-ranked Social Capital score, its second-ranked Governance mark, and its high level of Personal Freedom.
On the flip side, these are the bottom 10 countries. The prolonged civil war in Syria would likely land it down here, but there hasn’t been enough accurately collected and reported data lately to rank it.
The US is ranked 17th. With the top-ranked business environment — but health and environment rankings down in the 30’s — we really need to get our priorities straight.
And these are the top ten countries for each category: Economic Quality; Business Environment; Governance; Education; Health; Safety and Security; Personal Freedom; Social Capital; and Natural Environment.
I hope this video shed light on the countries we should look to for ideas on creating more prosperity across our own societies.
Our recent examination of the top 10 recycling countries led some of you to express concern about PresidentTrump’s lack of respect for the environment, others were surprised that Japan didn’t make the list, while many of you agreed that Germany belonged in the top spot. Until next time, for TDC, I’m Bryce Plank, thanks for watching.

Racial Composition and Economic Prosperity

Analyzing racial composition and any possible correlation to the economic prosperity of a given place. This is not a political video designed to push an agenda, but rather a "nerds-eye-view" of the issue. There's enough political stuff about this issue already out there.

0:56

Development Story: Economic Prosperity

Development Story: Economic Prosperity

Development Story: Economic Prosperity

1:26

Arts and Economic Prosperity 5

Arts and Economic Prosperity 5

Arts and Economic Prosperity 5

Arts & Economic Prosperity 5 is Americans for the Arts’ fifth study of the nonprofit arts and culture industry's impact on the economy. It documents the economic contributions of the arts in 341 diverse communities and regions across the country, representing all 50 states and the District of Columbia. Nationally, the nonprofit arts and culture industry generated $166.3 billion of economic activity in 2015—$63.8 billion in spending by arts and cultural organizations and an additional $102.5 billion in event-related expenditures by their audiences. This activity supported 4.6 million jobs and generated $27.5 billion in revenue to local, state, and federal governments (a yield well beyond their collective $5 billion in arts allocations). By every measure, the results are impressive. This study puts to rest a misconception that communities support arts and culture at the expense of local economic development. In fact, communities are investing in an industry that supports jobs, generates government revenue, and is the cornerstone of tourism.
Arts & Economic Prosperity 5 shows conclusively that, locally as well as nationally, the arts mean business!
Learn more at:
http://www.americansforthearts.org/economicimpact
Follow:
#AEP5

From Poverty to Prosperity: Understanding Economic Development | OxfordX on edX | Course About Video

Learn about the role of government and the key political, social, and economic processes that elevate any society from poverty to prosperity.
Take this course free on edX: https://www.edx.org/course/poverty-prosperity-understanding-oxfordx-oxbsg01x
ABOUT THIS COURSE
How can poor societies become prosperous and overcome obstacles to do so? ProfessorSir Paul Collier is one of the world’s leading scholars on this question, and in this economics course you will have the opportunity to learn from him directly.
This course will discuss and examine the following topics:
The role of government and the key political, social and economic processes that affect development;
Why societies need polities that are both centralised and inclusive, and the process by which these polities develop;
The s...

published: 14 Nov 2016

Foundations of Economic Prosperity I The Great Courses

Learn more about The Great CoursesPlus and sign up for a FreeTrial here: https://www.thegreatcoursesplus.com/special-offer?utm_source=US_OnlineVideo&utm_medium=SocialMediaEditorialYouTube&utm_campaign=145835
Don’t forget to subscribe to our channel – we are adding new videos all the time! https://www.youtube.com/subscription_center?add_user=TheGreatCourses

published: 11 Jan 2013

E2: Education and Economic Prosperity

Economic Prosperity Reinvented

Meet the author of "The Circular Economy: A Wealth of Flows" during this exclusive interview.
A circular economy has profound consequences for production, employment, education, money and finance but also induces a shift in public policy and taxation. The economic advantage of this model lies in designing out waste, enabling access over ownership, favouring radical resources productivity, with prospect of rebuilding natural capital and resilience.
"The Circular Economy: A Wealth of Flows" written by Ken Webster provides a thorough overview of this regenerative model. In a 2nd edition comprehensively revised and updated, Ken offers an exploration of the essential economic questions of our time, taking into account the main disruptive trends, to help open up the debate.
Get your Kindle vers...

published: 24 Nov 2016

Global Economic Prosperity: U.S. at the G7

In Sicily, Italy, the final stop on his first international visit, PresidentTrump will discuss economic issues, U.S. leadership, and security threats with the leaders of the Group of Seven (G7) nations. These seven global powers convened in 1975 to address economic unrest and the partnership continues today.

AuthorYaron Brook talks to Bill Whittle about his book Free MarketRevolution. Brook thinks that Ayn Rand provided answers to our modern fiscal and economic problems. You will want to hear more about the housing crisis, government spending, and roots of the current economic stagnation in this special PJTV interview.
See more at http://www.pjtv.com

Racial Composition and Economic Prosperity

Analyzing racial composition and any possible correlation to the economic prosperity of a given place. This is not a political video designed to push an agenda, but rather a "nerds-eye-view" of the issue. There's enough political stuff about this issue already out there.

published: 13 Oct 2017

Development Story: Economic Prosperity

published: 29 Nov 2016

Arts and Economic Prosperity 5

Arts & Economic Prosperity 5 is Americans for the Arts’ fifth study of the nonprofit arts and culture industry's impact on the economy. It documents the economic contributions of the arts in 341 diverse communities and regions across the country, representing all 50 states and the District of Columbia. Nationally, the nonprofit arts and culture industry generated $166.3 billion of economic activity in 2015—$63.8 billion in spending by arts and cultural organizations and an additional $102.5 billion in event-related expenditures by their audiences. This activity supported 4.6 million jobs and generated $27.5 billion in revenue to local, state, and federal governments (a yield well beyond their collective $5 billion in arts allocations). By every measure, the results are impressive. This stu...

From Poverty to Prosperity: Understanding Economic Development | OxfordX on edX | Course About Video

Learn about the role of government and the key political, social, and economic processes that elevate any society from poverty to prosperity.
Take this course ...

Learn about the role of government and the key political, social, and economic processes that elevate any society from poverty to prosperity.
Take this course free on edX: https://www.edx.org/course/poverty-prosperity-understanding-oxfordx-oxbsg01x
ABOUT THIS COURSE
How can poor societies become prosperous and overcome obstacles to do so? ProfessorSir Paul Collier is one of the world’s leading scholars on this question, and in this economics course you will have the opportunity to learn from him directly.
This course will discuss and examine the following topics:
The role of government and the key political, social and economic processes that affect development;
Why societies need polities that are both centralised and inclusive, and the process by which these polities develop;
The social factors that are necessary for development, including the importance of identities, norms, and narratives;
The impact of economic processes on development, including discussion about how government policies can either promote or inhibit the exploitation of scale and specialisation;
The external conditions for development, including aid, trade, migration, military interventions, and international rules for governance.
Enrol in this course to understand the factors that influence economic development and the different development paths that countries across the world have taken.
WHAT YOU'LL LEARN
By the end of the course, you will be able to:
- Identify internal political, social, and economic factors that influence development
- Understand how external influences can impact the internal political, social, and economic processes
- Understand the varied paths of development that different countries have taken
- Apply the concepts learned by completing an assignment that requires you to compare the development path of two chosen countries

Learn about the role of government and the key political, social, and economic processes that elevate any society from poverty to prosperity.
Take this course free on edX: https://www.edx.org/course/poverty-prosperity-understanding-oxfordx-oxbsg01x
ABOUT THIS COURSE
How can poor societies become prosperous and overcome obstacles to do so? ProfessorSir Paul Collier is one of the world’s leading scholars on this question, and in this economics course you will have the opportunity to learn from him directly.
This course will discuss and examine the following topics:
The role of government and the key political, social and economic processes that affect development;
Why societies need polities that are both centralised and inclusive, and the process by which these polities develop;
The social factors that are necessary for development, including the importance of identities, norms, and narratives;
The impact of economic processes on development, including discussion about how government policies can either promote or inhibit the exploitation of scale and specialisation;
The external conditions for development, including aid, trade, migration, military interventions, and international rules for governance.
Enrol in this course to understand the factors that influence economic development and the different development paths that countries across the world have taken.
WHAT YOU'LL LEARN
By the end of the course, you will be able to:
- Identify internal political, social, and economic factors that influence development
- Understand how external influences can impact the internal political, social, and economic processes
- Understand the varied paths of development that different countries have taken
- Apply the concepts learned by completing an assignment that requires you to compare the development path of two chosen countries

Learn more about The Great CoursesPlus and sign up for a FreeTrial here: https://www.thegreatcoursesplus.com/special-offer?utm_source=US_OnlineVideo&utm_medium=SocialMediaEditorialYouTube&utm_campaign=145835
Don’t forget to subscribe to our channel – we are adding new videos all the time! https://www.youtube.com/subscription_center?add_user=TheGreatCourses

Learn more about The Great CoursesPlus and sign up for a FreeTrial here: https://www.thegreatcoursesplus.com/special-offer?utm_source=US_OnlineVideo&utm_medium=SocialMediaEditorialYouTube&utm_campaign=145835
Don’t forget to subscribe to our channel – we are adding new videos all the time! https://www.youtube.com/subscription_center?add_user=TheGreatCourses

Meet the author of "The Circular Economy: A Wealth of Flows" during this exclusive interview.
A circular economy has profound consequences for production, employment, education, money and finance but also induces a shift in public policy and taxation. The economic advantage of this model lies in designing out waste, enabling access over ownership, favouring radical resources productivity, with prospect of rebuilding natural capital and resilience.
"The Circular Economy: A Wealth of Flows" written by Ken Webster provides a thorough overview of this regenerative model. In a 2nd edition comprehensively revised and updated, Ken offers an exploration of the essential economic questions of our time, taking into account the main disruptive trends, to help open up the debate.
Get your Kindle version (link available soon) and be the first one to ask your questions.

Meet the author of "The Circular Economy: A Wealth of Flows" during this exclusive interview.
A circular economy has profound consequences for production, employment, education, money and finance but also induces a shift in public policy and taxation. The economic advantage of this model lies in designing out waste, enabling access over ownership, favouring radical resources productivity, with prospect of rebuilding natural capital and resilience.
"The Circular Economy: A Wealth of Flows" written by Ken Webster provides a thorough overview of this regenerative model. In a 2nd edition comprehensively revised and updated, Ken offers an exploration of the essential economic questions of our time, taking into account the main disruptive trends, to help open up the debate.
Get your Kindle version (link available soon) and be the first one to ask your questions.

In Sicily, Italy, the final stop on his first international visit, PresidentTrump will discuss economic issues, U.S. leadership, and security threats with the leaders of the Group of Seven (G7) nations. These seven global powers convened in 1975 to address economic unrest and the partnership continues today.

In Sicily, Italy, the final stop on his first international visit, PresidentTrump will discuss economic issues, U.S. leadership, and security threats with the leaders of the Group of Seven (G7) nations. These seven global powers convened in 1975 to address economic unrest and the partnership continues today.

AuthorYaron Brook talks to Bill Whittle about his book Free MarketRevolution. Brook thinks that Ayn Rand provided answers to our modern fiscal and economic problems. You will want to hear more about the housing crisis, government spending, and roots of the current economic stagnation in this special PJTV interview.
See more at http://www.pjtv.com

AuthorYaron Brook talks to Bill Whittle about his book Free MarketRevolution. Brook thinks that Ayn Rand provided answers to our modern fiscal and economic problems. You will want to hear more about the housing crisis, government spending, and roots of the current economic stagnation in this special PJTV interview.
See more at http://www.pjtv.com

The top ten countries on the prosperity index, determined by rankings across nine key categories: Economic Quality, Natural Environment, Health, Social Capital, Personal Freedom, Safety and Security, Education, Governance, and BusinessEnvironment.
Study by the Legatum Institute:
http://www.prosperity.com/rankings?pinned=&filter=
Subscribe to TDC:
https://www.youtube.com/TheDailyConversation/
Facebook: http://www.facebook.com/thedailyconversation
Video by Bryce Plank and Robin WestMusic:
"Solar Flares" by Silent Partner (YouTube music library)
Script:
These are the top 10 most prosperous countries according to the Legatum Institute whose mission is to promote policies that lift people from poverty to prosperity. The study ranked countries across nine key metrics.
The 10th most prosperous nation is the United Kingdom. It’s strong business economy allowed it to crack the top 5 in that category. It was top 10 in economic quality, natural environment, and education—helped by its vocational training reform efforts that saw it climb from 14th in the world in 2007.
Ninth is Denmark which scores best on Safety and Security as thefts have dropped by 25% over the last decade. Air pollution has fallen by 63% over the same period, improving its Natural Environment ranking by 26 spots. To improve, Denmark should focus on its health system, which isn’t as strong as its Nordic neighbors.
Sweden comes in eighth. It’s 3rd-ranked economy is its best asset. Sweden actually ranked first in overall prosperity from 2010 to 2012, but it’s education and governance scores have slipped slightly since then. It’s still very prosperous and is the third least corrupt country in the whole world.
Seventh is the Netherlands. The Dutch are wealthy, healthy, educated, and served very well by their government. While its Natural Environment ranking is only 36th — the lowest score across any category for any country in this top ten — that’s actually up 37 spots from where it was in 2007.
Australia is sixth. It is the only country in the top 20 to record an absolute decline in prosperity since 2007. Its government has adopted protectionist trade policies that have driven down the quality and diversity of its economy. On the bright side, its Health Care ranking is on the upswing despite rising obesity levels.
In the same spot as last year is Canada at number 5. It is second-best on personal freedom, but its healthcare rank is hurt by rising obesity and diabetes rates. Canada is also top-ten in Governance, Social Capital, and Economic Prosperity.
Fourth is Switzerland, the country with the best education score. It is one of only two Western European countries to see its Economic Quality score improve over the last decade, as the rest of the continent was hit hard by the 2008 global financial crisis.
Finland is the third most prosperous nation. It is top-ranked in governance, second in Natural Environment, and third in Education. Surprisingly its Health score puts it at 21st in that category. The decline of its two main industries, timber and Nokia electronics, has led to a surge in unemployment.
Norway is second for the fourth straight year, a consistent performer across the board that doesn’t rank in the top two in any category, but also doesn’t fall below 13th anywhere either. 93% of Norwegians say they’re satisfied with living standards in the country.
And the most prosperous nation in the world is New Zealand for the fourth year in a row. It is best in Economic Quality thanks to free and open markets. There is clearly a synergistic effect between its top-ranked Social Capital score, its second-ranked Governance mark, and its high level of Personal Freedom.
On the flip side, these are the bottom 10 countries. The prolonged civil war in Syria would likely land it down here, but there hasn’t been enough accurately collected and reported data lately to rank it.
The US is ranked 17th. With the top-ranked business environment — but health and environment rankings down in the 30’s — we really need to get our priorities straight.
And these are the top ten countries for each category: Economic Quality; Business Environment; Governance; Education; Health; Safety and Security; Personal Freedom; Social Capital; and Natural Environment.
I hope this video shed light on the countries we should look to for ideas on creating more prosperity across our own societies.
Our recent examination of the top 10 recycling countries led some of you to express concern about PresidentTrump’s lack of respect for the environment, others were surprised that Japan didn’t make the list, while many of you agreed that Germany belonged in the top spot. Until next time, for TDC, I’m Bryce Plank, thanks for watching.

The top ten countries on the prosperity index, determined by rankings across nine key categories: Economic Quality, Natural Environment, Health, Social Capital, Personal Freedom, Safety and Security, Education, Governance, and BusinessEnvironment.
Study by the Legatum Institute:
http://www.prosperity.com/rankings?pinned=&filter=
Subscribe to TDC:
https://www.youtube.com/TheDailyConversation/
Facebook: http://www.facebook.com/thedailyconversation
Video by Bryce Plank and Robin WestMusic:
"Solar Flares" by Silent Partner (YouTube music library)
Script:
These are the top 10 most prosperous countries according to the Legatum Institute whose mission is to promote policies that lift people from poverty to prosperity. The study ranked countries across nine key metrics.
The 10th most prosperous nation is the United Kingdom. It’s strong business economy allowed it to crack the top 5 in that category. It was top 10 in economic quality, natural environment, and education—helped by its vocational training reform efforts that saw it climb from 14th in the world in 2007.
Ninth is Denmark which scores best on Safety and Security as thefts have dropped by 25% over the last decade. Air pollution has fallen by 63% over the same period, improving its Natural Environment ranking by 26 spots. To improve, Denmark should focus on its health system, which isn’t as strong as its Nordic neighbors.
Sweden comes in eighth. It’s 3rd-ranked economy is its best asset. Sweden actually ranked first in overall prosperity from 2010 to 2012, but it’s education and governance scores have slipped slightly since then. It’s still very prosperous and is the third least corrupt country in the whole world.
Seventh is the Netherlands. The Dutch are wealthy, healthy, educated, and served very well by their government. While its Natural Environment ranking is only 36th — the lowest score across any category for any country in this top ten — that’s actually up 37 spots from where it was in 2007.
Australia is sixth. It is the only country in the top 20 to record an absolute decline in prosperity since 2007. Its government has adopted protectionist trade policies that have driven down the quality and diversity of its economy. On the bright side, its Health Care ranking is on the upswing despite rising obesity levels.
In the same spot as last year is Canada at number 5. It is second-best on personal freedom, but its healthcare rank is hurt by rising obesity and diabetes rates. Canada is also top-ten in Governance, Social Capital, and Economic Prosperity.
Fourth is Switzerland, the country with the best education score. It is one of only two Western European countries to see its Economic Quality score improve over the last decade, as the rest of the continent was hit hard by the 2008 global financial crisis.
Finland is the third most prosperous nation. It is top-ranked in governance, second in Natural Environment, and third in Education. Surprisingly its Health score puts it at 21st in that category. The decline of its two main industries, timber and Nokia electronics, has led to a surge in unemployment.
Norway is second for the fourth straight year, a consistent performer across the board that doesn’t rank in the top two in any category, but also doesn’t fall below 13th anywhere either. 93% of Norwegians say they’re satisfied with living standards in the country.
And the most prosperous nation in the world is New Zealand for the fourth year in a row. It is best in Economic Quality thanks to free and open markets. There is clearly a synergistic effect between its top-ranked Social Capital score, its second-ranked Governance mark, and its high level of Personal Freedom.
On the flip side, these are the bottom 10 countries. The prolonged civil war in Syria would likely land it down here, but there hasn’t been enough accurately collected and reported data lately to rank it.
The US is ranked 17th. With the top-ranked business environment — but health and environment rankings down in the 30’s — we really need to get our priorities straight.
And these are the top ten countries for each category: Economic Quality; Business Environment; Governance; Education; Health; Safety and Security; Personal Freedom; Social Capital; and Natural Environment.
I hope this video shed light on the countries we should look to for ideas on creating more prosperity across our own societies.
Our recent examination of the top 10 recycling countries led some of you to express concern about PresidentTrump’s lack of respect for the environment, others were surprised that Japan didn’t make the list, while many of you agreed that Germany belonged in the top spot. Until next time, for TDC, I’m Bryce Plank, thanks for watching.

Racial Composition and Economic Prosperity

Analyzing racial composition and any possible correlation to the economic prosperity of a given place. This is not a political video designed to push an agenda,...

Analyzing racial composition and any possible correlation to the economic prosperity of a given place. This is not a political video designed to push an agenda, but rather a "nerds-eye-view" of the issue. There's enough political stuff about this issue already out there.

Analyzing racial composition and any possible correlation to the economic prosperity of a given place. This is not a political video designed to push an agenda, but rather a "nerds-eye-view" of the issue. There's enough political stuff about this issue already out there.

Arts & Economic Prosperity 5 is Americans for the Arts’ fifth study of the nonprofit arts and culture industry's impact on the economy. It documents the economic contributions of the arts in 341 diverse communities and regions across the country, representing all 50 states and the District of Columbia. Nationally, the nonprofit arts and culture industry generated $166.3 billion of economic activity in 2015—$63.8 billion in spending by arts and cultural organizations and an additional $102.5 billion in event-related expenditures by their audiences. This activity supported 4.6 million jobs and generated $27.5 billion in revenue to local, state, and federal governments (a yield well beyond their collective $5 billion in arts allocations). By every measure, the results are impressive. This study puts to rest a misconception that communities support arts and culture at the expense of local economic development. In fact, communities are investing in an industry that supports jobs, generates government revenue, and is the cornerstone of tourism.
Arts & Economic Prosperity 5 shows conclusively that, locally as well as nationally, the arts mean business!
Learn more at:
http://www.americansforthearts.org/economicimpact
Follow:
#AEP5

Arts & Economic Prosperity 5 is Americans for the Arts’ fifth study of the nonprofit arts and culture industry's impact on the economy. It documents the economic contributions of the arts in 341 diverse communities and regions across the country, representing all 50 states and the District of Columbia. Nationally, the nonprofit arts and culture industry generated $166.3 billion of economic activity in 2015—$63.8 billion in spending by arts and cultural organizations and an additional $102.5 billion in event-related expenditures by their audiences. This activity supported 4.6 million jobs and generated $27.5 billion in revenue to local, state, and federal governments (a yield well beyond their collective $5 billion in arts allocations). By every measure, the results are impressive. This study puts to rest a misconception that communities support arts and culture at the expense of local economic development. In fact, communities are investing in an industry that supports jobs, generates government revenue, and is the cornerstone of tourism.
Arts & Economic Prosperity 5 shows conclusively that, locally as well as nationally, the arts mean business!
Learn more at:
http://www.americansforthearts.org/economicimpact
Follow:
#AEP5

Economic Prosperity Reinvented

Meet the author of "The Circular Economy: A Wealth of Flows" during this exclusive interview.
A circular economy has profound consequences for production, employment, education, money and finance but also induces a shift in public policy and taxation. The economic advantage of this model lies in designing out waste, enabling access over ownership, favouring radical resources productivity, with prospect of rebuilding natural capital and resilience.
"The Circular Economy: A Wealth of Flows" written by Ken Webster provides a thorough overview of this regenerative model. In a 2nd edition comprehensively revised and updated, Ken offers an exploration of the essential economic questions of our time, taking into account the main disruptive trends, to help open up the debate.
Get your Kindle vers...

Arts, Culture, Economic Prosperity and Beyond

Catch the can’t-miss unveiling of the national findings of Arts & Economic Prosperity 5, as Americans for the Arts’ Randy Cohen weaves a story drawn from hundreds of communities and over 200,000 patron surveys on the power of the arts as an economic driver and jobs creator. Then explore the complex nature of community impact as economics take their place beside other drivers of community health and vibrancy in a panel featuring noted author and social justice theorist Jeff Chang (Who We Be, We Gon’ Be Alright), creative entrepreneur and artist VinithaWatson, and noted arts funder San San Wong. Moderated by Americans for the Arts board member MargieReese. The impact of the arts is strong, and we’re here to help you tell the whole story!

Tim Jackson: Prosperity Without Growth

So much of the analysis of how we respond to climate change assumes that economic growth and emissions reduction are compatible goals. But is this wishful thinking? To question maximising economic growth as an organising principle of society seems close to economic heresy.
EnterTim Jackson, a professor of Sustainable Development and author of the book, "Prosperity Without Growth". He argues it's time to re-think the very notion of growth and what it means to be genuinely prosperous.
Jackson is speaking as part of the 2010Alfred DeakinLecture series, "Brave New World?". Curated by Tim Flannery, the 2010 Deakins presents the climate change challenge from ten different perspectives, with a focus on ten different spheres of life. Are we, the series asks, willing to take the hard perso...

published: 04 Jan 2012

Secrets behind Korea`s Economic Success (English)

You may find the revised version of Secrets behind Korea`s Economic Success (2015) in the following link. The revised one includes updated and recent economic situations of Korea after 2010.
https://www.youtube.com/watch?v=IQARiOFLBCo
This documentary unveils secrets about how Korea, once the poorest country in the world, escaped poverty and grew to become the World's 14th largest economy and the first Asian nation to host the G20 summit, in 2010. The film identifies key factors behind Korea's economic success such as Korea's strategies, incessant efforts and investment that helped the nation achieve what the world came to call the "Miracle on the Han River."

published: 12 Dec 2013

Why Was There Economic Prosperity in the 1990s in the United States? Janet Yellen (1998)

The 1990s boom in the United States of America was an extended period of economic prosperity, during which GDP increased continuously for almost ten years (the longest recorded expansion in the history of the United States). It commenced with the end of the early 1990s recession in March 1991, and ended with the early 2000s recession, which started in March 2001.
The 1990s is remembered as a time of strong economic growth, steady job creation, low inflation, rising productivity, and a surging stock market that resulted from a combination of rapid technological changes and sound central monetary policy.
The prosperity of the 1990s was not evenly distributed over the entire decade, however. The economy was in recession from July 1990 - March 1991, having suffered the S&L Crisis in 1989, a s...

If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu.
Paul Davidson is the editor and co-founder of Journal of Post Keynesian Economics.

NON-OIL EXPORTS CAN RETURN NIGERIA TO ECONOMIC PROSPERITY

Bryan-Ward Perkins: A Real Economic Meltdown: The End of Roman Britain

Shallit Lecture given at BYU on March 12, 2013. Bryan Ward-Perkins examines what happened when the Roman Empire dissolved in the fifth century A.D., by examining the particular experience of the province of Britain. Here practically every sign of economic sophistication and prosperity rapidly disappeared in the early fifth century, plunging the province back into deep prehistory. This was an economic crisis whose depth and duration (at least 500 years) puts our present economic troubles in perspective - but it is also a crisis that has much to teach us, and which we should certainly not view with complacency.

Meet the author of "The Circular Economy: A Wealth of Flows" during this exclusive interview.
A circular economy has profound consequences for production, employment, education, money and finance but also induces a shift in public policy and taxation. The economic advantage of this model lies in designing out waste, enabling access over ownership, favouring radical resources productivity, with prospect of rebuilding natural capital and resilience.
"The Circular Economy: A Wealth of Flows" written by Ken Webster provides a thorough overview of this regenerative model. In a 2nd edition comprehensively revised and updated, Ken offers an exploration of the essential economic questions of our time, taking into account the main disruptive trends, to help open up the debate.
Get your Kindle version (link available soon) and be the first one to ask your questions.

Meet the author of "The Circular Economy: A Wealth of Flows" during this exclusive interview.
A circular economy has profound consequences for production, employment, education, money and finance but also induces a shift in public policy and taxation. The economic advantage of this model lies in designing out waste, enabling access over ownership, favouring radical resources productivity, with prospect of rebuilding natural capital and resilience.
"The Circular Economy: A Wealth of Flows" written by Ken Webster provides a thorough overview of this regenerative model. In a 2nd edition comprehensively revised and updated, Ken offers an exploration of the essential economic questions of our time, taking into account the main disruptive trends, to help open up the debate.
Get your Kindle version (link available soon) and be the first one to ask your questions.

Catch the can’t-miss unveiling of the national findings of Arts & Economic Prosperity 5, as Americans for the Arts’ Randy Cohen weaves a story drawn from hundreds of communities and over 200,000 patron surveys on the power of the arts as an economic driver and jobs creator. Then explore the complex nature of community impact as economics take their place beside other drivers of community health and vibrancy in a panel featuring noted author and social justice theorist Jeff Chang (Who We Be, We Gon’ Be Alright), creative entrepreneur and artist VinithaWatson, and noted arts funder San San Wong. Moderated by Americans for the Arts board member MargieReese. The impact of the arts is strong, and we’re here to help you tell the whole story!

Catch the can’t-miss unveiling of the national findings of Arts & Economic Prosperity 5, as Americans for the Arts’ Randy Cohen weaves a story drawn from hundreds of communities and over 200,000 patron surveys on the power of the arts as an economic driver and jobs creator. Then explore the complex nature of community impact as economics take their place beside other drivers of community health and vibrancy in a panel featuring noted author and social justice theorist Jeff Chang (Who We Be, We Gon’ Be Alright), creative entrepreneur and artist VinithaWatson, and noted arts funder San San Wong. Moderated by Americans for the Arts board member MargieReese. The impact of the arts is strong, and we’re here to help you tell the whole story!

A debate on the eve of the SecondPAGEMinisterial Conference (http://bit.ly/2jhYyaX). Filmed at the Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety (BMUB) in Berlin on March 26th 2017.
Globalisation has created wealth across the world, lifting hundreds of millions out of extreme poverty. But has too much of the wealth ended up in the hands of too few? How can our model for globalisation be reconfigured to promote more equal, stable economies which do not overstretch environmental resources? Our current socio-economic system, many argue, is increasing inequalities and accelerating climate change and destruction of the environment. The Sustainable Development Goals — the UN’s roadmap to prosperity for all on a healthy planet — will require considerable financial resources. Many experts are now calling for a change to our entire model of doing business, by measuring national prosperity beyond GDP, sharing wealth equitably, and shifting economies to an inclusive, sustainable model. But how can these goals be met, and what are the risks to an increasingly strained global jobs market and the needs of developing nations?

A debate on the eve of the SecondPAGEMinisterial Conference (http://bit.ly/2jhYyaX). Filmed at the Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety (BMUB) in Berlin on March 26th 2017.
Globalisation has created wealth across the world, lifting hundreds of millions out of extreme poverty. But has too much of the wealth ended up in the hands of too few? How can our model for globalisation be reconfigured to promote more equal, stable economies which do not overstretch environmental resources? Our current socio-economic system, many argue, is increasing inequalities and accelerating climate change and destruction of the environment. The Sustainable Development Goals — the UN’s roadmap to prosperity for all on a healthy planet — will require considerable financial resources. Many experts are now calling for a change to our entire model of doing business, by measuring national prosperity beyond GDP, sharing wealth equitably, and shifting economies to an inclusive, sustainable model. But how can these goals be met, and what are the risks to an increasingly strained global jobs market and the needs of developing nations?

Tim Jackson: Prosperity Without Growth

So much of the analysis of how we respond to climate change assumes that economic growth and emissions reduction are compatible goals. But is this wishful think...

So much of the analysis of how we respond to climate change assumes that economic growth and emissions reduction are compatible goals. But is this wishful thinking? To question maximising economic growth as an organising principle of society seems close to economic heresy.
EnterTim Jackson, a professor of Sustainable Development and author of the book, "Prosperity Without Growth". He argues it's time to re-think the very notion of growth and what it means to be genuinely prosperous.
Jackson is speaking as part of the 2010Alfred DeakinLecture series, "Brave New World?". Curated by Tim Flannery, the 2010 Deakins presents the climate change challenge from ten different perspectives, with a focus on ten different spheres of life. Are we, the series asks, willing to take the hard personal, political and economic choices that will truly reduce emissions? Are we brave enough to make the changes -- in thought and deed -- that are required of us? Are we able to shape this new world, or will it shape us?
The Deakins were started in May 2001, as part of the celebrations surrounding the Centenary of Federation. Some of Australia's top thinkers came together with key international guests to present their ideas about the nature and future of a civil society. The lecture series was named to honour the legacy of Alfred Deakin, Australia's second Prime Minister, a humanist and nation-builder whose social vision put in place much of Australia's political and social infrastructure.
Tim Jackson is Professor of Sustainable Development at the University of Surrey and Director of the ResearchGroup on Lifestyles, Values and Environment (RESOLVE). Since 2004, Jackson has been Economics Commissioner on the UK Sustainable Development Commission and is the author of their controversial and groundbreaking report, now updated and expanded in the book, "Prosperity Without Growth: Economics for a FinitePlanet". In addition to his academic work, he is an award-winning playwright with numerous radio-writing credits for the BBC.

So much of the analysis of how we respond to climate change assumes that economic growth and emissions reduction are compatible goals. But is this wishful thinking? To question maximising economic growth as an organising principle of society seems close to economic heresy.
EnterTim Jackson, a professor of Sustainable Development and author of the book, "Prosperity Without Growth". He argues it's time to re-think the very notion of growth and what it means to be genuinely prosperous.
Jackson is speaking as part of the 2010Alfred DeakinLecture series, "Brave New World?". Curated by Tim Flannery, the 2010 Deakins presents the climate change challenge from ten different perspectives, with a focus on ten different spheres of life. Are we, the series asks, willing to take the hard personal, political and economic choices that will truly reduce emissions? Are we brave enough to make the changes -- in thought and deed -- that are required of us? Are we able to shape this new world, or will it shape us?
The Deakins were started in May 2001, as part of the celebrations surrounding the Centenary of Federation. Some of Australia's top thinkers came together with key international guests to present their ideas about the nature and future of a civil society. The lecture series was named to honour the legacy of Alfred Deakin, Australia's second Prime Minister, a humanist and nation-builder whose social vision put in place much of Australia's political and social infrastructure.
Tim Jackson is Professor of Sustainable Development at the University of Surrey and Director of the ResearchGroup on Lifestyles, Values and Environment (RESOLVE). Since 2004, Jackson has been Economics Commissioner on the UK Sustainable Development Commission and is the author of their controversial and groundbreaking report, now updated and expanded in the book, "Prosperity Without Growth: Economics for a FinitePlanet". In addition to his academic work, he is an award-winning playwright with numerous radio-writing credits for the BBC.

Secrets behind Korea`s Economic Success (English)

You may find the revised version of Secrets behind Korea`s Economic Success (2015) in the following link. The revised one includes updated and recent economic s...

You may find the revised version of Secrets behind Korea`s Economic Success (2015) in the following link. The revised one includes updated and recent economic situations of Korea after 2010.
https://www.youtube.com/watch?v=IQARiOFLBCo
This documentary unveils secrets about how Korea, once the poorest country in the world, escaped poverty and grew to become the World's 14th largest economy and the first Asian nation to host the G20 summit, in 2010. The film identifies key factors behind Korea's economic success such as Korea's strategies, incessant efforts and investment that helped the nation achieve what the world came to call the "Miracle on the Han River."

You may find the revised version of Secrets behind Korea`s Economic Success (2015) in the following link. The revised one includes updated and recent economic situations of Korea after 2010.
https://www.youtube.com/watch?v=IQARiOFLBCo
This documentary unveils secrets about how Korea, once the poorest country in the world, escaped poverty and grew to become the World's 14th largest economy and the first Asian nation to host the G20 summit, in 2010. The film identifies key factors behind Korea's economic success such as Korea's strategies, incessant efforts and investment that helped the nation achieve what the world came to call the "Miracle on the Han River."

published:12 Dec 2013

views:527592

back

Why Was There Economic Prosperity in the 1990s in the United States? Janet Yellen (1998)

The 1990s boom in the United States of America was an extended period of economic prosperity, during which GDP increased continuously for almost ten years (the longest recorded expansion in the history of the United States). It commenced with the end of the early 1990s recession in March 1991, and ended with the early 2000s recession, which started in March 2001.
The 1990s is remembered as a time of strong economic growth, steady job creation, low inflation, rising productivity, and a surging stock market that resulted from a combination of rapid technological changes and sound central monetary policy.
The prosperity of the 1990s was not evenly distributed over the entire decade, however. The economy was in recession from July 1990 - March 1991, having suffered the S&L Crisis in 1989, a spike in gas prices as the result of the Gulf War, and the general run of the business cycle since 1983. A surge inflation in 1988 and 1989 forced the Federal Reserve to raise interest rates to 8% in early 1990, restricting credit into the already-weakening economy. GDP growth and job creation remained weak through late-1992. Unemployment rose from 5.4% in January 1990 to 6.8% in March 1991, and continued to rise until peaking at 7.8% in June 1992. Approximately 1.621 million jobs were shed during the recession. As inflation subsided drastically, the Federal Reserved cut interest rates a then-record low of 3% to promote growth.
For the first time since the Great Depression, the economy underwent a "jobless recovery", where GDP growth and corporate earnings returned to normal levels while job creation lagged, demonstrating the importance of the financial and service sectors in the national economy, having surpassed the manufacturing sector in the 1980s.
Politically, the stagnant economy would doom PresidentGeorge HW Bush in the 1992 election, as Bill Clinton capitalized on economic frustration and voter fatigue after 12 years of Republican stewardship of the White House. Unemployment remained above 7% until July 1993, and above 6% until September 1994.
It was in the spring of 1994 that the U.S. economy finally reached "escape velocity": GDP growth surged and the number of jobs created(3.85 million) set a record that has yet to be surpassed as of 2013. But 1995 would bring a pause in economic growth, primarily because the Federal Reserve raised interest rates from 3% to 6% beginning in late-1994 to prevent inflation from rising after such rapid growth. The pause was short-lived, however, as the economy adjusted and the surge of investment in the Dot-Com bubble would jumpstart the economy beginning in late-1995. 1996 saw a return to steady growth, and in May 1997 unemployment fell below 5% for the first time since December 1973.
This prosperity, combined with the BudgetActs of 1990 and 1993(which raised taxes and restrained spending), allowed the federal government to go from a $290 billion deficit in 1992 to a record $236.4 billion surplus in 2000. The reduction in government borrowing freed up capital in markets for businesses and consumers, causing interest rates on loans to fall creating a cycle that only reinforced growth. Government debt increased from $3.02 trillion in 1990 to $5.413 in 1997 and flatlined, barely increasing to $5.674 in 2000
1995-2000 is also remembered for a series of global economic financial crises that threatened the US economy: Mexico in 1995, Asia in 1997, Russia in 1998, and Argentina in 1999. Despite occasional stock market downturns and some distortions in the trade deficit, the US economy remained resilient until the Dot-Com Bubble peaked in March 2000. The Federal Reserve had a hand in propping up the US economy by lowering interest rates to 4.75% by November 1998 to flood the world financial markets with dollars and prevent a global economic crisis.
The easing of credit also coincided with spectacular stock market run-ups from 1999 to 2000. The NASDAQ, at less than 800 points in 1994, surged to over 5,000 in March 2000. The DOWJonesIndustrialIndex traded at roughly 2,000 points in 1990 and 4,000 in 1995, nearly tripled to over 11,000 by mid-2000.
According to the National Bureau of Economic Research, the 1990s was the longest economic expansion in the history of the United States, lasting exactly ten years from March 1991 to March 2001. It was the best performance on all accounts since the 1961-1969 period. The importance and influence of the financial sector only grew, as demonstrated by the bursting of the Dot-Com Bubble in 2000 followed by a recession in 2001. The effects of the early-2000s recession would continue to be felt through the end of 2003. The US economy has been unable to replicate the successes of the 1990s as of 2013, having experienced 6 years of sub-par growth and job creation since.
http://en.wikipedia.org/wiki/1990s_United_States_boom

The 1990s boom in the United States of America was an extended period of economic prosperity, during which GDP increased continuously for almost ten years (the longest recorded expansion in the history of the United States). It commenced with the end of the early 1990s recession in March 1991, and ended with the early 2000s recession, which started in March 2001.
The 1990s is remembered as a time of strong economic growth, steady job creation, low inflation, rising productivity, and a surging stock market that resulted from a combination of rapid technological changes and sound central monetary policy.
The prosperity of the 1990s was not evenly distributed over the entire decade, however. The economy was in recession from July 1990 - March 1991, having suffered the S&L Crisis in 1989, a spike in gas prices as the result of the Gulf War, and the general run of the business cycle since 1983. A surge inflation in 1988 and 1989 forced the Federal Reserve to raise interest rates to 8% in early 1990, restricting credit into the already-weakening economy. GDP growth and job creation remained weak through late-1992. Unemployment rose from 5.4% in January 1990 to 6.8% in March 1991, and continued to rise until peaking at 7.8% in June 1992. Approximately 1.621 million jobs were shed during the recession. As inflation subsided drastically, the Federal Reserved cut interest rates a then-record low of 3% to promote growth.
For the first time since the Great Depression, the economy underwent a "jobless recovery", where GDP growth and corporate earnings returned to normal levels while job creation lagged, demonstrating the importance of the financial and service sectors in the national economy, having surpassed the manufacturing sector in the 1980s.
Politically, the stagnant economy would doom PresidentGeorge HW Bush in the 1992 election, as Bill Clinton capitalized on economic frustration and voter fatigue after 12 years of Republican stewardship of the White House. Unemployment remained above 7% until July 1993, and above 6% until September 1994.
It was in the spring of 1994 that the U.S. economy finally reached "escape velocity": GDP growth surged and the number of jobs created(3.85 million) set a record that has yet to be surpassed as of 2013. But 1995 would bring a pause in economic growth, primarily because the Federal Reserve raised interest rates from 3% to 6% beginning in late-1994 to prevent inflation from rising after such rapid growth. The pause was short-lived, however, as the economy adjusted and the surge of investment in the Dot-Com bubble would jumpstart the economy beginning in late-1995. 1996 saw a return to steady growth, and in May 1997 unemployment fell below 5% for the first time since December 1973.
This prosperity, combined with the BudgetActs of 1990 and 1993(which raised taxes and restrained spending), allowed the federal government to go from a $290 billion deficit in 1992 to a record $236.4 billion surplus in 2000. The reduction in government borrowing freed up capital in markets for businesses and consumers, causing interest rates on loans to fall creating a cycle that only reinforced growth. Government debt increased from $3.02 trillion in 1990 to $5.413 in 1997 and flatlined, barely increasing to $5.674 in 2000
1995-2000 is also remembered for a series of global economic financial crises that threatened the US economy: Mexico in 1995, Asia in 1997, Russia in 1998, and Argentina in 1999. Despite occasional stock market downturns and some distortions in the trade deficit, the US economy remained resilient until the Dot-Com Bubble peaked in March 2000. The Federal Reserve had a hand in propping up the US economy by lowering interest rates to 4.75% by November 1998 to flood the world financial markets with dollars and prevent a global economic crisis.
The easing of credit also coincided with spectacular stock market run-ups from 1999 to 2000. The NASDAQ, at less than 800 points in 1994, surged to over 5,000 in March 2000. The DOWJonesIndustrialIndex traded at roughly 2,000 points in 1990 and 4,000 in 1995, nearly tripled to over 11,000 by mid-2000.
According to the National Bureau of Economic Research, the 1990s was the longest economic expansion in the history of the United States, lasting exactly ten years from March 1991 to March 2001. It was the best performance on all accounts since the 1961-1969 period. The importance and influence of the financial sector only grew, as demonstrated by the bursting of the Dot-Com Bubble in 2000 followed by a recession in 2001. The effects of the early-2000s recession would continue to be felt through the end of 2003. The US economy has been unable to replicate the successes of the 1990s as of 2013, having experienced 6 years of sub-par growth and job creation since.
http://en.wikipedia.org/wiki/1990s_United_States_boom

If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago....

If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu.
Paul Davidson is the editor and co-founder of Journal of Post Keynesian Economics.

If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu.
Paul Davidson is the editor and co-founder of Journal of Post Keynesian Economics.

Shallit Lecture given at BYU on March 12, 2013. Bryan Ward-Perkins examines what happened when the Roman Empire dissolved in the fifth century A.D., by examining the particular experience of the province of Britain. Here practically every sign of economic sophistication and prosperity rapidly disappeared in the early fifth century, plunging the province back into deep prehistory. This was an economic crisis whose depth and duration (at least 500 years) puts our present economic troubles in perspective - but it is also a crisis that has much to teach us, and which we should certainly not view with complacency.

Shallit Lecture given at BYU on March 12, 2013. Bryan Ward-Perkins examines what happened when the Roman Empire dissolved in the fifth century A.D., by examining the particular experience of the province of Britain. Here practically every sign of economic sophistication and prosperity rapidly disappeared in the early fifth century, plunging the province back into deep prehistory. This was an economic crisis whose depth and duration (at least 500 years) puts our present economic troubles in perspective - but it is also a crisis that has much to teach us, and which we should certainly not view with complacency.

From Poverty to Prosperity: Understanding Economic Development | OxfordX on edX | Course About Video

Learn about the role of government and the key political, social, and economic processes that elevate any society from poverty to prosperity.
Take this course free on edX: https://www.edx.org/course/poverty-prosperity-understanding-oxfordx-oxbsg01x
ABOUT THIS COURSE
How can poor societies become prosperous and overcome obstacles to do so? ProfessorSir Paul Collier is one of the world’s leading scholars on this question, and in this economics course you will have the opportunity to learn from him directly.
This course will discuss and examine the following topics:
The role of government and the key political, social and economic processes that affect development;
Why societies need polities that are both centralised and inclusive, and the process by which these polities develop;
The social factors that are necessary for development, including the importance of identities, norms, and narratives;
The impact of economic processes on development, including discussion about how government policies can either promote or inhibit the exploitation of scale and specialisation;
The external conditions for development, including aid, trade, migration, military interventions, and international rules for governance.
Enrol in this course to understand the factors that influence economic development and the different development paths that countries across the world have taken.
WHAT YOU'LL LEARN
By the end of the course, you will be able to:
- Identify internal political, social, and economic factors that influence development
- Understand how external influences can impact the internal political, social, and economic processes
- Understand the varied paths of development that different countries have taken
- Apply the concepts learned by completing an assignment that requires you to compare the development path of two chosen countries

1:31

Foundations of Economic Prosperity I The Great Courses

Learn more about The Great Courses Plus and sign up for a Free Trial here: https://www.the...

Foundations of Economic Prosperity I The Great Courses

Learn more about The Great CoursesPlus and sign up for a FreeTrial here: https://www.thegreatcoursesplus.com/special-offer?utm_source=US_OnlineVideo&utm_medium=SocialMediaEditorialYouTube&utm_campaign=145835
Don’t forget to subscribe to our channel – we are adding new videos all the time! https://www.youtube.com/subscription_center?add_user=TheGreatCourses

Economic Prosperity Reinvented

Meet the author of "The Circular Economy: A Wealth of Flows" during this exclusive interview.
A circular economy has profound consequences for production, employment, education, money and finance but also induces a shift in public policy and taxation. The economic advantage of this model lies in designing out waste, enabling access over ownership, favouring radical resources productivity, with prospect of rebuilding natural capital and resilience.
"The Circular Economy: A Wealth of Flows" written by Ken Webster provides a thorough overview of this regenerative model. In a 2nd edition comprehensively revised and updated, Ken offers an exploration of the essential economic questions of our time, taking into account the main disruptive trends, to help open up the debate.
Get your Kindle version (link available soon) and be the first one to ask your questions.

0:47

Global Economic Prosperity: U.S. at the G7

In Sicily, Italy, the final stop on his first international visit, President Trump will di...

Global Economic Prosperity: U.S. at the G7

In Sicily, Italy, the final stop on his first international visit, PresidentTrump will discuss economic issues, U.S. leadership, and security threats with the leaders of the Group of Seven (G7) nations. These seven global powers convened in 1975 to address economic unrest and the partnership continues today.

AuthorYaron Brook talks to Bill Whittle about his book Free MarketRevolution. Brook thinks that Ayn Rand provided answers to our modern fiscal and economic problems. You will want to hear more about the housing crisis, government spending, and roots of the current economic stagnation in this special PJTV interview.
See more at http://www.pjtv.com

4:05

World's 10 Most Prosperous Countries

The top ten countries on the prosperity index, determined by rankings across nine key cate...

World's 10 Most Prosperous Countries

The top ten countries on the prosperity index, determined by rankings across nine key categories: Economic Quality, Natural Environment, Health, Social Capital, Personal Freedom, Safety and Security, Education, Governance, and BusinessEnvironment.
Study by the Legatum Institute:
http://www.prosperity.com/rankings?pinned=&filter=
Subscribe to TDC:
https://www.youtube.com/TheDailyConversation/
Facebook: http://www.facebook.com/thedailyconversation
Video by Bryce Plank and Robin WestMusic:
"Solar Flares" by Silent Partner (YouTube music library)
Script:
These are the top 10 most prosperous countries according to the Legatum Institute whose mission is to promote policies that lift people from poverty to prosperity. The study ranked countries across nine key metrics.
The 10th most prosperous nation is the United Kingdom. It’s strong business economy allowed it to crack the top 5 in that category. It was top 10 in economic quality, natural environment, and education—helped by its vocational training reform efforts that saw it climb from 14th in the world in 2007.
Ninth is Denmark which scores best on Safety and Security as thefts have dropped by 25% over the last decade. Air pollution has fallen by 63% over the same period, improving its Natural Environment ranking by 26 spots. To improve, Denmark should focus on its health system, which isn’t as strong as its Nordic neighbors.
Sweden comes in eighth. It’s 3rd-ranked economy is its best asset. Sweden actually ranked first in overall prosperity from 2010 to 2012, but it’s education and governance scores have slipped slightly since then. It’s still very prosperous and is the third least corrupt country in the whole world.
Seventh is the Netherlands. The Dutch are wealthy, healthy, educated, and served very well by their government. While its Natural Environment ranking is only 36th — the lowest score across any category for any country in this top ten — that’s actually up 37 spots from where it was in 2007.
Australia is sixth. It is the only country in the top 20 to record an absolute decline in prosperity since 2007. Its government has adopted protectionist trade policies that have driven down the quality and diversity of its economy. On the bright side, its Health Care ranking is on the upswing despite rising obesity levels.
In the same spot as last year is Canada at number 5. It is second-best on personal freedom, but its healthcare rank is hurt by rising obesity and diabetes rates. Canada is also top-ten in Governance, Social Capital, and Economic Prosperity.
Fourth is Switzerland, the country with the best education score. It is one of only two Western European countries to see its Economic Quality score improve over the last decade, as the rest of the continent was hit hard by the 2008 global financial crisis.
Finland is the third most prosperous nation. It is top-ranked in governance, second in Natural Environment, and third in Education. Surprisingly its Health score puts it at 21st in that category. The decline of its two main industries, timber and Nokia electronics, has led to a surge in unemployment.
Norway is second for the fourth straight year, a consistent performer across the board that doesn’t rank in the top two in any category, but also doesn’t fall below 13th anywhere either. 93% of Norwegians say they’re satisfied with living standards in the country.
And the most prosperous nation in the world is New Zealand for the fourth year in a row. It is best in Economic Quality thanks to free and open markets. There is clearly a synergistic effect between its top-ranked Social Capital score, its second-ranked Governance mark, and its high level of Personal Freedom.
On the flip side, these are the bottom 10 countries. The prolonged civil war in Syria would likely land it down here, but there hasn’t been enough accurately collected and reported data lately to rank it.
The US is ranked 17th. With the top-ranked business environment — but health and environment rankings down in the 30’s — we really need to get our priorities straight.
And these are the top ten countries for each category: Economic Quality; Business Environment; Governance; Education; Health; Safety and Security; Personal Freedom; Social Capital; and Natural Environment.
I hope this video shed light on the countries we should look to for ideas on creating more prosperity across our own societies.
Our recent examination of the top 10 recycling countries led some of you to express concern about PresidentTrump’s lack of respect for the environment, others were surprised that Japan didn’t make the list, while many of you agreed that Germany belonged in the top spot. Until next time, for TDC, I’m Bryce Plank, thanks for watching.

24:32

Tim Jackson: An economic reality check

http://www.ted.com As the world faces recession, climate change, inequity and more, Tim Ja...

Racial Composition and Economic Prosperity

Analyzing racial composition and any possible correlation to the economic prosperity of a given place. This is not a political video designed to push an agenda, but rather a "nerds-eye-view" of the issue. There's enough political stuff about this issue already out there.

Arts and Economic Prosperity 5

Arts & Economic Prosperity 5 is Americans for the Arts’ fifth study of the nonprofit arts and culture industry's impact on the economy. It documents the economic contributions of the arts in 341 diverse communities and regions across the country, representing all 50 states and the District of Columbia. Nationally, the nonprofit arts and culture industry generated $166.3 billion of economic activity in 2015—$63.8 billion in spending by arts and cultural organizations and an additional $102.5 billion in event-related expenditures by their audiences. This activity supported 4.6 million jobs and generated $27.5 billion in revenue to local, state, and federal governments (a yield well beyond their collective $5 billion in arts allocations). By every measure, the results are impressive. This study puts to rest a misconception that communities support arts and culture at the expense of local economic development. In fact, communities are investing in an industry that supports jobs, generates government revenue, and is the cornerstone of tourism.
Arts & Economic Prosperity 5 shows conclusively that, locally as well as nationally, the arts mean business!
Learn more at:
http://www.americansforthearts.org/economicimpact
Follow:
#AEP5

Economic Prosperity Reinvented

Meet the author of "The Circular Economy: A Wealth of Flows" during this exclusive interview.
A circular economy has profound consequences for production, employment, education, money and finance but also induces a shift in public policy and taxation. The economic advantage of this model lies in designing out waste, enabling access over ownership, favouring radical resources productivity, with prospect of rebuilding natural capital and resilience.
"The Circular Economy: A Wealth of Flows" written by Ken Webster provides a thorough overview of this regenerative model. In a 2nd edition comprehensively revised and updated, Ken offers an exploration of the essential economic questions of our time, taking into account the main disruptive trends, to help open up the debate.
Get your Kindle version (link available soon) and be the first one to ask your questions.

24:32

Tim Jackson: An economic reality check

http://www.ted.com As the world faces recession, climate change, inequity and more, Tim Ja...

Arts, Culture, Economic Prosperity and Beyond

Catch the can’t-miss unveiling of the national findings of Arts & Economic Prosperity 5, as Americans for the Arts’ Randy Cohen weaves a story drawn from hundreds of communities and over 200,000 patron surveys on the power of the arts as an economic driver and jobs creator. Then explore the complex nature of community impact as economics take their place beside other drivers of community health and vibrancy in a panel featuring noted author and social justice theorist Jeff Chang (Who We Be, We Gon’ Be Alright), creative entrepreneur and artist VinithaWatson, and noted arts funder San San Wong. Moderated by Americans for the Arts board member MargieReese. The impact of the arts is strong, and we’re here to help you tell the whole story!

59:01

From Growth to Prosperity

The expansion of global trade and investment has boosted economic growth, but also led to ...

Whose Prosperity? How Can we Build Inclusive and Sustainable Economies?

A debate on the eve of the SecondPAGEMinisterial Conference (http://bit.ly/2jhYyaX). Filmed at the Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety (BMUB) in Berlin on March 26th 2017.
Globalisation has created wealth across the world, lifting hundreds of millions out of extreme poverty. But has too much of the wealth ended up in the hands of too few? How can our model for globalisation be reconfigured to promote more equal, stable economies which do not overstretch environmental resources? Our current socio-economic system, many argue, is increasing inequalities and accelerating climate change and destruction of the environment. The Sustainable Development Goals — the UN’s roadmap to prosperity for all on a healthy planet — will require considerable financial resources. Many experts are now calling for a change to our entire model of doing business, by measuring national prosperity beyond GDP, sharing wealth equitably, and shifting economies to an inclusive, sustainable model. But how can these goals be met, and what are the risks to an increasingly strained global jobs market and the needs of developing nations?

1:05:23

Tim Jackson: Prosperity Without Growth

So much of the analysis of how we respond to climate change assumes that economic growth a...

Tim Jackson: Prosperity Without Growth

So much of the analysis of how we respond to climate change assumes that economic growth and emissions reduction are compatible goals. But is this wishful thinking? To question maximising economic growth as an organising principle of society seems close to economic heresy.
EnterTim Jackson, a professor of Sustainable Development and author of the book, "Prosperity Without Growth". He argues it's time to re-think the very notion of growth and what it means to be genuinely prosperous.
Jackson is speaking as part of the 2010Alfred DeakinLecture series, "Brave New World?". Curated by Tim Flannery, the 2010 Deakins presents the climate change challenge from ten different perspectives, with a focus on ten different spheres of life. Are we, the series asks, willing to take the hard personal, political and economic choices that will truly reduce emissions? Are we brave enough to make the changes -- in thought and deed -- that are required of us? Are we able to shape this new world, or will it shape us?
The Deakins were started in May 2001, as part of the celebrations surrounding the Centenary of Federation. Some of Australia's top thinkers came together with key international guests to present their ideas about the nature and future of a civil society. The lecture series was named to honour the legacy of Alfred Deakin, Australia's second Prime Minister, a humanist and nation-builder whose social vision put in place much of Australia's political and social infrastructure.
Tim Jackson is Professor of Sustainable Development at the University of Surrey and Director of the ResearchGroup on Lifestyles, Values and Environment (RESOLVE). Since 2004, Jackson has been Economics Commissioner on the UK Sustainable Development Commission and is the author of their controversial and groundbreaking report, now updated and expanded in the book, "Prosperity Without Growth: Economics for a FinitePlanet". In addition to his academic work, he is an award-winning playwright with numerous radio-writing credits for the BBC.

24:11

Secrets behind Korea`s Economic Success (English)

You may find the revised version of Secrets behind Korea`s Economic Success (2015) in the ...

Secrets behind Korea`s Economic Success (English)

You may find the revised version of Secrets behind Korea`s Economic Success (2015) in the following link. The revised one includes updated and recent economic situations of Korea after 2010.
https://www.youtube.com/watch?v=IQARiOFLBCo
This documentary unveils secrets about how Korea, once the poorest country in the world, escaped poverty and grew to become the World's 14th largest economy and the first Asian nation to host the G20 summit, in 2010. The film identifies key factors behind Korea's economic success such as Korea's strategies, incessant efforts and investment that helped the nation achieve what the world came to call the "Miracle on the Han River."

2:42:46

Why Was There Economic Prosperity in the 1990s in the United States? Janet Yellen (1998)

The 1990s boom in the United States of America was an extended period of economic prosperi...

Why Was There Economic Prosperity in the 1990s in the United States? Janet Yellen (1998)

The 1990s boom in the United States of America was an extended period of economic prosperity, during which GDP increased continuously for almost ten years (the longest recorded expansion in the history of the United States). It commenced with the end of the early 1990s recession in March 1991, and ended with the early 2000s recession, which started in March 2001.
The 1990s is remembered as a time of strong economic growth, steady job creation, low inflation, rising productivity, and a surging stock market that resulted from a combination of rapid technological changes and sound central monetary policy.
The prosperity of the 1990s was not evenly distributed over the entire decade, however. The economy was in recession from July 1990 - March 1991, having suffered the S&L Crisis in 1989, a spike in gas prices as the result of the Gulf War, and the general run of the business cycle since 1983. A surge inflation in 1988 and 1989 forced the Federal Reserve to raise interest rates to 8% in early 1990, restricting credit into the already-weakening economy. GDP growth and job creation remained weak through late-1992. Unemployment rose from 5.4% in January 1990 to 6.8% in March 1991, and continued to rise until peaking at 7.8% in June 1992. Approximately 1.621 million jobs were shed during the recession. As inflation subsided drastically, the Federal Reserved cut interest rates a then-record low of 3% to promote growth.
For the first time since the Great Depression, the economy underwent a "jobless recovery", where GDP growth and corporate earnings returned to normal levels while job creation lagged, demonstrating the importance of the financial and service sectors in the national economy, having surpassed the manufacturing sector in the 1980s.
Politically, the stagnant economy would doom PresidentGeorge HW Bush in the 1992 election, as Bill Clinton capitalized on economic frustration and voter fatigue after 12 years of Republican stewardship of the White House. Unemployment remained above 7% until July 1993, and above 6% until September 1994.
It was in the spring of 1994 that the U.S. economy finally reached "escape velocity": GDP growth surged and the number of jobs created(3.85 million) set a record that has yet to be surpassed as of 2013. But 1995 would bring a pause in economic growth, primarily because the Federal Reserve raised interest rates from 3% to 6% beginning in late-1994 to prevent inflation from rising after such rapid growth. The pause was short-lived, however, as the economy adjusted and the surge of investment in the Dot-Com bubble would jumpstart the economy beginning in late-1995. 1996 saw a return to steady growth, and in May 1997 unemployment fell below 5% for the first time since December 1973.
This prosperity, combined with the BudgetActs of 1990 and 1993(which raised taxes and restrained spending), allowed the federal government to go from a $290 billion deficit in 1992 to a record $236.4 billion surplus in 2000. The reduction in government borrowing freed up capital in markets for businesses and consumers, causing interest rates on loans to fall creating a cycle that only reinforced growth. Government debt increased from $3.02 trillion in 1990 to $5.413 in 1997 and flatlined, barely increasing to $5.674 in 2000
1995-2000 is also remembered for a series of global economic financial crises that threatened the US economy: Mexico in 1995, Asia in 1997, Russia in 1998, and Argentina in 1999. Despite occasional stock market downturns and some distortions in the trade deficit, the US economy remained resilient until the Dot-Com Bubble peaked in March 2000. The Federal Reserve had a hand in propping up the US economy by lowering interest rates to 4.75% by November 1998 to flood the world financial markets with dollars and prevent a global economic crisis.
The easing of credit also coincided with spectacular stock market run-ups from 1999 to 2000. The NASDAQ, at less than 800 points in 1994, surged to over 5,000 in March 2000. The DOWJonesIndustrialIndex traded at roughly 2,000 points in 1990 and 4,000 in 1995, nearly tripled to over 11,000 by mid-2000.
According to the National Bureau of Economic Research, the 1990s was the longest economic expansion in the history of the United States, lasting exactly ten years from March 1991 to March 2001. It was the best performance on all accounts since the 1961-1969 period. The importance and influence of the financial sector only grew, as demonstrated by the bursting of the Dot-Com Bubble in 2000 followed by a recession in 2001. The effects of the early-2000s recession would continue to be felt through the end of 2003. The US economy has been unable to replicate the successes of the 1990s as of 2013, having experienced 6 years of sub-par growth and job creation since.
http://en.wikipedia.org/wiki/1990s_United_States_boom

If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu.
Paul Davidson is the editor and co-founder of Journal of Post Keynesian Economics.

35:52

NON-OIL EXPORTS CAN RETURN NIGERIA TO ECONOMIC PROSPERITY

'RECESSION NON-OIL EXPORTS CAN RETURN NIGERIA TO ECONOMIC PROSPERITY' SAID CEO OF STARLINK...

Bryan-Ward Perkins: A Real Economic Meltdown: The End of Roman Britain

Shallit Lecture given at BYU on March 12, 2013. Bryan Ward-Perkins examines what happened when the Roman Empire dissolved in the fifth century A.D., by examining the particular experience of the province of Britain. Here practically every sign of economic sophistication and prosperity rapidly disappeared in the early fifth century, plunging the province back into deep prehistory. This was an economic crisis whose depth and duration (at least 500 years) puts our present economic troubles in perspective - but it is also a crisis that has much to teach us, and which we should certainly not view with complacency.

Economic Prosperity Reinvented...

Tim Jackson: An economic reality check...

Arts, Culture, Economic Prosperity and Beyond...

From Growth to Prosperity...

Whose Prosperity? How Can we Build Inclusive and S...

Tim Jackson: Prosperity Without Growth...

Secrets behind Korea`s Economic Success (English)...

Why Was There Economic Prosperity in the 1990s in ...

Economic Prosperity and the Povetry of Economics |...

Tourism Talk: Arts & Economic Prosperity 5...

Achieving Economic Prosperity: What Role Should Yo...

The Keynes Solution: The Path to Global Economic P...

NON-OIL EXPORTS CAN RETURN NIGERIA TO ECONOMIC PRO...

Bryan-Ward Perkins: A Real Economic Meltdown: The ...

It turns out that a theory explaining how we might detect parallel universes and prediction for the end of the world was proposed and completed by physicist Stephen Hawking shortly before he died ... &nbsp;. According to reports, the work predicts that the universe would eventually end when stars run out of energy ... ....

In another blow to the Trump administration Monday, the US Supreme Court decided Arizona must continue to issue state driver’s licenses to so-called Dreamer immigrants and refused to hear an effort by the state to challenge the Obama-era program that protects hundreds of thousands of young adults brought into the country illegally as children, Reuters reported ... – WN.com. Jack Durschlag....

Uber announced on Monday that it was pulling all of its self-driving cars from public roads in Arizona and San Francisco, Toronto, and Pittsburgh after a female pedestrian was reportedly killed after being struck by an autonomous Uber vehicle in Tempe, according to The Verge.&nbsp; ... “We are fully cooperating with local authorities in their investigation of this incident.” ... "Some incredibly sad news out of Arizona....

An explosion on Sunday night in Austin shared "similarities" with three bombs that went off in the Texas capital earlier this month and authorities were warning on Monday that they are dealing with a serial bomber who is targeting the city, according to the Washington Post... “So we’ve definitely seen a change in the method that this suspect … is using.” ... “And we assure you that we are listening ... -WN.com, Maureen Foody....

A panel of federal judges dismissed the Republican lawsuit challenging a new congressional map that was imposed by the Pennsylvania Supreme Court, ending one of two challenges to the map on Monday, according to The Inquirer. The judge's decision said that the Republican lawmakers who brought the challenge did not have legal standing to do so and that the case is inappropriate for the court to take up at this time ...ChiefU.S....

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“Our compliance with these regulations will open a massive door of opportunity and prosperity of cross-border trade to Nigerians engaged in the transport business. “All over the world, one common thread of prosperous societies is their level of compliance with laws and regulations ... practice may be appealing, it is ultimately a barrier to prosperity....

"[To] safeguard the Constitution's authority, fulfill my legal obligations, be loyal to the country and the people, be committed and honest in my duty, accept the people's supervision and work hard for a great modern socialist country that is prosperous, strong, democratic, culturally advanced, harmonious and beautiful." ... Led by Xi, China is becoming strong ... China aims to complete building a moderately prosperous society by then ...